84 Washington St Norwalk, CT 06854

This exceptional retail condo in Norwalk's vibrant SONO district presents a compelling investment opportunity. The 5,088 square foot property, built in 1983, is a single-story Class B building currently 100% occupied by a restaurant tenant under a modified net lease. The lease, originally commencing January 8, 2018, has a remaining term of zero years, but includes a 5-year option to renew, extending to January 31, 2028. The tenant is responsible for all utilities, while the owner covers monthly maintenance fees and property taxes. The property boasts a strong NOI of $69,573, translating to an attractive 8.09% cap rate and a price per square foot of $169.03. Located at 84 Washington Street, Norwalk, CT 06854, this investment benefits from a convenient location in the sought-after SONO area, with a municipal parking lot situated directly behind the building. The property is zoned WSDD and offers a single unit within a single building. This is a rare opportunity to acquire a well-located, income-producing retail property with significant upside potential. The asking price is $860,000.